04 May 2023
As of the end of December 2022, Econet Wireless controlled 69.9% of the national mobile subscriber base, as per the latest annual report from the Posts and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ).
This figure shows an increase of five percentage points compared to December 2021 when the company held 64.9% of market share.
Econet Wireless owes this growth to the increase in the number of its active subscribers, which increased from 9.25 million in December 2021 to 9.98 million in December 2022, an increase of 7.9%. Meanwhile, NetOne and Telecel lost 12.3% and 26.9% of their respective subscriber base. They now have 3.9 million and around 390,000 subscribers respectively.
Between December 2012 and December 2022, Econet Wireless added 1.9 million subscribers and gained an additional 6.4% market share. Over the same period, NetOne added 1.9 million subscribers while Telecel lost 2.1 million.
The growth of Econet’s subscriber base is attributed to the investments made in its network infrastructure.